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Stocks in Europe gain moderate gains

2019-01-08 09:09 am | Resource: News | No Views : 192

 European stocks advanced on Tuesday in early trading as markets prepared for news from the US-China trade negotiations. The UK Parliament is due to vote on the Brexit deal next week.

Irish Prime Minister Leo Varadkar revealed that the EU would be "happy" to provide additional guarantees for Irish support.

German industrial production fell 1.9% on a monthly basis and 4.7% year-on-year in November.

House prices in the UK are up 1.3% in December

UK house prices rose 2.2% in November from the previous month, with average house prices at £ 229,729, according to the monthly house price index published by Halifax on Tuesday.

On an annualized basis, house prices in the three months to December rose 1.3% from the same period in 2017, jumping from November when the annual growth rate was 0.3%. Compared to the previous quarter, house prices in the UK fell by 0.4% in the fourth quarter of 2018.

"The strong monthly figure for December reflected the weak figure for November, and monthly volatility is common, leaving the annual figure strongly within the range of 0-3% as we expected at the beginning of the year," says Russell Galley, Managing Director of Halifax, Male. "In 2019, we expect the continued stability of house prices between 2% and 4% price inflation, which is slightly stronger than in 2018, but is still fairly subject to a recent comparison."

European Stocks Open
  • The FTSE 100 was up 0.46% at 8:18 CET in London with Just Eat at the top of the chart, rising 2.96%.
  • The German DAX rose 0.36%, led by the Bayer jump of 1.91%.
  • The CAC 40 index was 0.45% in the Green Zone. Carrefour was the best performer, rising 2.91%.

Currency and gold trading
  • The euro was down 0.33% against the dollar at $ 1.14388.
  • The euro was down 0.26% against the pound at £ 0.8964.
  • The British Pound was down 0.07% at $ 1.276.
  • Gold lost 0.45% to $ 1,283.07 an ounce.

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